Date Closed: 11/19/2014

Value: C$1 billion

On November 19, 2014, Health Care REIT, Inc. (HCN) completed its acquisition of HealthLease Properties Real Estate Investment Trust (HealthLease) pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the Transaction) for an aggregate purchase price of approximately C$1 billion. The transaction, which was announced on August 12, 2014, was approved by the unitholders of the REIT at the special meeting of the REIT held on October 27, 2014.

HCN, an S&P 500 company headquartered in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate.

HealthLease, headquartered in Toronto, Ontario, owned a portfolio of seniors housing and care properties in the US and Canada.

BLG represented HCN with a team led by Paul A. D. Mingay that included Jason Saltzman, Andrew Bunston (M&A and Securities), Stephen Fyfe and Steve Suarez (Tax), Shelley Munro (Real Estate Finance), Serge Lakatos and Kerry Austin (Real Estate), Subrata Bhattacharjee and Jon Smithen (Competition), John Blair (Litigation), and Travis McArthur (Financial Services).